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CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Jun. 26, 2022
Jun. 27, 2021
CURRENT ASSETS    
Cash and cash equivalents $ 7,723 $ 8,330
Accounts receivable, less allowance for bad debts of $27 and $47, respectively 1,981 911
Notes receivable, current 172 901
Deferred contract charges, current 36 35
Prepaid expenses and other current assets 146 196
Total current assets 10,058 10,373
LONG-TERM ASSETS    
Property, plant and equipment, net 365 445
Operating lease right of use asset, net 1,664 2,085
Intangible assets definite-lived, net 232 183
Notes receivable, net of current portion 201 52
Deferred tax asset, net 5,772 0
Deferred contract charges, net of current portion 224 207
Total assets 18,516 13,345
CURRENT LIABILITIES    
Accounts payable - trade 669 644
Accrued expenses 1,082 924
Other current liabilities 81 46
Operating lease liability, current 490 465
Short term loan 30 250
Convertible notes short term, net of unamortized debt issuance costs and discounts 0 1,576
Deferred revenues, current 538 626
Total current liabilities 2,890 4,531
LONG-TERM LIABILITIES    
Operating lease liability, net of current portion 1,421 1,911
Deferred revenues, net of current portion 793 1,170
Total liabilities 5,104 7,612
COMMITMENTS AND CONTINGENCIES (SEE NOTE K)
SHAREHOLDERS' EQUITY    
Common stock, $.01 par value; authorized 26,000,000 shares; issued 25,090,058 and 25,090,058 shares, respectively; outstanding 17,511,430 and 18,004,904 shares, respectively 251 251
Additional paid-in capital 37,384 37,215
Retained earnings/(accumulated deficit) 826 (7,196)
Treasury stock at cost Shares in treasury: 7,578,628 and 7,085,154, respectively (25,049) (24,537)
Total shareholders' equity 13,412 5,733
Total liabilities and shareholders' equity $ 18,516 $ 13,345